This article deals with various legal aspects of the arrest of ships. And this article also deals with various issues on the ship mortgage and the auction procedures to carry out ship mortgage. This auction procedures to carry out ship mortgage follow...
This article deals with various legal aspects of the arrest of ships. And this article also deals with various issues on the ship mortgage and the auction procedures to carry out ship mortgage. This auction procedures to carry out ship mortgage follows the forced execution of real estate in the Code of Civil Execution. Therefore this article deals with the competent court, procedures of ship execution, examines the enforcement of ship mortgage and suggests the problems and reform measures.
The rules governing the arrest of ships vary in each country as there is no international uniformity, although the International Convention on the Arrest of Seagoing Ships of 1952 and the International Convention on the Arrest of Seagoing Ships of 1999 are good attempts in trying to reach such uniformity.
A suggestion to the legislation of the enforcement of ship mortgage is in the legislation of ship mortgage, the deletion of the prohibition of arrest, the revision of the admission of navigation and the certificate for no-security right and ship registration.